Contents

Loan options

How much would you like to borrow?

Enter an amount between $5000 up to $55000.

How many years would you like to repay the loan over?

Select your loan term. This can be up to 7 years.

Keep in mind:

  • a shorter term means higher repayments of the loan amount as they're spread over less years
  • a longer term means lower repayments of the loan amount, but more interest paid by the end of the loan term.

How often would you like to make repayments?

You can choose to make weekly, fortnightly or monthly repayments.

Would you like a fixed or variable interest rate?

Select a fixed or variable interest rate.

Fixed rate: 

Your rate and repayments will stay the same during the fixed term, which can be helpful for budgeting as there are no fluctuations in the amount of your minimum repayment.

Variable rate: 

Your rates can change at any time, so the amount of your minimum repayment might change. However, this option offers the flexibility to access a redraw facility, so if your circumstances change and you need money unexpectedly, you can redraw the extra funds you’ve paid.

Your loan purpose

What is your main purpose for this loan?

We need to understand what the loan is for. You can select the one of the following reasons: 

  • Car or other vehicle needs, such as:
    • car, station wagon or SUV
    • ute, van or 4WD
    • boat, caravan or trailer 
    • motorcycle or scooter. 
  • Financial, consolidate or refinance debt in order to:
    • change lending product
    • move your banking to NAB
    • simplify your commitments by having a single repayment instead of many.
  • Personal or family needs, such as:
    • education
    • engagement, wedding or funeral
    • household or personal goods
    • medical or dental 
    • travel or holiday. 
  • Renovation or alteration
  • Other, the reason you’re applying for is not listed above 
    • You can’t apply for a NAB personal loan for a business purpose or expense
    • You can’t apply for a NAB personal loan for a house/land purpose

Who’s applying

How many people are applying?

Joint applicants can’t apply online but can in person at a branch.

About applicant

Are you an existing customer?

Existing customers can save time by having some personal and NAB financial details automatically filled in. All you need to do is use your NAB ID (located on the back of your NAB card, or in your NAB app though My Details).

Select ‘Yes’ if you’re a current NAB customer.

Select ‘No’ if you don’t have any NAB accounts – you can still apply online. 

Name and date of birth 

Title

Select your title.

First name

Enter your full first name as it appears on your official identification, like your driver's licence or passport.

Do you have any middle names?

If you have a middle name, enter it as it appears on your official identification, like your driver’s licence or passport.

If you don’t have a middle name, select ‘No’.

Last name

Enter your surname or family name as it appears on your official identification like your driver's licence or passport.

Date of birth

Select the year, month and day you were born from the calendar. You can also manually type in the date. 

You need to be at least 18 years old to apply for a NAB Personal Loan.

Contact details

Mobile number

The number you enter must be 10 digits long and start with 04. If we need to SMS you about the outcome of your application or next steps, this is the number we’ll use to contact you. 

Email

Enter your full email address with no spaces. We'll email you about your application.

More about you

Marital status

Select the option that best describes your current situation.

How many financial dependents do you have?

A financial dependant is someone who you support financially. This can include:

  • children (of any age)
  • grandparents
  • foster children 
  • and more. 

Select the number of people that rely on you financially.

Do you have an Australian driver’s licence?

If yes, enter your licence number exactly as it appears on your driver's licence. We use this to identify you when we complete a credit check.

Residency status

Are you an Australian resident for tax purposes?

Select ‘Yes’ or ‘No’.

You're a permanent resident if you're a citizen, or if you live in Australia and have either an Australian passport or a permanent visa.

Are you a U.S. citizen or resident for tax purposes?

Select ‘Yes’ or ‘No’.

Aside from Australia and the U.S., are you a resident of any other country for tax purposes?

Select ‘Yes’ or ‘No’.

Where do you live?

What is your current living arrangement?

Select the option that best describes your living arrangement.

'Owner' is when you own a property.

'Renting' is when you're on the lease. 

'Boarding' is when you're not on the lease and do not own the property.

Is your residential address in Australia or overseas?

You need to live in Australia to apply for a NAB Personal Loan.

When did you move to your current address?

Select the year, month and day from the calendar. You can also manually type in the date.

Is your postal address the same as your current address?

If you select ‘Yes’, we'll send any mail to that address. If you select ‘No’, you’ll need to provide your  postal address.

Where have you lived previously

If you haven't lived at your current address for at least three years, we'll need the last address you lived in as well.

Verify your identity online 

Doing this online can be quicker. You’ll need to submit at least one of the following four identification documents to verify your identity:

  • Australian Driver’s Licence
  • Medicare Card
  • Australian Passport or;
  • International Passport.

If you prefer to visit a NAB branch to verify your identity, you’ll need to bring identification documents that add up to 100 points or more once you’ve completed your application. 

What do you do for a living?

We'll need to know your employment or work history over the past three years. This can include  paid or unpaid roles, such as unpaid internships. 

We'll also need at least one current role listed. We’ll also need to know if you weren't employed during the three year period, such as being a student. 

Employment status

Select the option that best describes your current working situation.

Employer’s company name?

Enter the name of the company (or business) you work for.

What’s your job title?

Select the option that best describes your job title.

What income do you have?

Income before tax (gross)

Enter your pre-tax income for the frequency you selected above.

Income after tax (net) 

Enter your after-tax income for the frequency you selected above.

What assets do you have?

Enter the estimated value of all assets you currently own.

Assets can include:

  • Savings accounts
  • Term deposits
  • Properties
  • Car
  • Other (shares, managed funds, boats, caravans, home contents).

If you have no assets, click ‘Next’.

If what you tell us differs from what’s on your credit report or other information we hold, we may need contact you before we can finalise your application.

What debts do you have?

Enter the combined value of all debts that you currently owe.

If you have no debts, click ‘Next’.

 If what you tell us differs from what’s on your credit report or other information we hold, we may need to contact you before we can finalise your application.

Expenses

Enter your expenses as accurately as possible for:

  • Food and groceries
  • Clothing and personal care
  • Recreation and holidays
  • Education, childcare and dependent
  • Insurance
  • Medical and health 
  • Rent or board
  • Other housing expenses (excluding mortgage repayments)
  • Phone, internet and media
  • Vehicle and transport

Enter in 0 for any expenses you do not pay for.

If you share any expenses with someone else, only include the amount that you contribute and only include each expense once.

Financial stability

If you’re nearing the typical age of retirement (63 years old) during the loan term, we’ll ask how you intend to repay the loan.

Have you had any difficulties in making your loan repayments in the last 2 years?

Select ‘Yes’ if you’re currently behind in any loan or credit card payments, or if you’ve been behind in your repayments at any point in the past two years.

If you answer ‘Yes’, we'll ask you to provide the following information: 

  • the loan provider
  • type of loan
  • amounts you missed
  • when and why it happened
  • whether the problem has been resolved or is ongoing.

Do you foresee any major changes to your employment, income and/or expenses over the next 12 months that will make it difficult for you to meet your financial commitments?

If you select ‘Yes’, we'll need details of the change. For example, if:

  • you're taking extended leave from work (let us know how long and the reason)
  • you're changing from full-time to part-time work
  • you’re changing jobs (resulting in less income)
  • you have a loan that's changing from an introductory special fixed rate to a higher variable rate
  • your existing loan repayments will be increasing by a large amount (due to the end of a honeymoon interest rate period).

We’ll also need to know whether the change is temporary or permanent, and how it will change your income.

Have you ever been declared bankrupt or had a financial judgement brought against you?

If you select ‘Yes’, we’ll ask you for more information.

Have legal proceedings ever been brought against you?

If you select ‘Yes’, we’ll ask you for more information.

Loan document acceptance

Upon approval, you’ll need to review and accept your loan documents through NAB Internet Banking.

Terms and Conditions